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James Patterson easily tops highest paid authors
Source: Agencies |
August 18, 2011, Thursday
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AMERICAN author and entertainment mogul James Patterson has topped a Forbes magazine list of the world's highest paid authors, earning more than twice that of No. 2 Danielle Steel.
Patterson, 64, the dominant mass market fiction author who has published more than 80 books at a prolific rate with the help of collaborators, earned US$84 million for the past year, according to the survey based on sales from May 2010 to April 2011. Figures were supplied by Nielsen SoundScan and Forbes considered input from numerous agents, managers and editors.
Steel, also 64, earned US$35 million, according to the Forbes survey at www.forbes.com. The magazine said the top earning authors were successfully tapping into e-books, which is the fastest growing section of book publishing, while hardcover sales are in long-term decline.
Landing at No. 3 was horror and suspense writer Stephen King, earning US$28 million, while coming in fourth was romance adventure author Janet Evanovich with US$22 million and fifth was "Twilight" novelist Stephenie Meyer with US$21 million in sales.
Even though hardcover books are in decline, Patterson increased his sales from last year's US$70 million by releasing 10 books in the past year and branching into the young adult and teen market in the past few years -- as well as e-books.
Patterson, 64, the dominant mass market fiction author who has published more than 80 books at a prolific rate with the help of collaborators, earned US$84 million for the past year, according to the survey based on sales from May 2010 to April 2011. Figures were supplied by Nielsen SoundScan and Forbes considered input from numerous agents, managers and editors.
Steel, also 64, earned US$35 million, according to the Forbes survey at www.forbes.com. The magazine said the top earning authors were successfully tapping into e-books, which is the fastest growing section of book publishing, while hardcover sales are in long-term decline.
Landing at No. 3 was horror and suspense writer Stephen King, earning US$28 million, while coming in fourth was romance adventure author Janet Evanovich with US$22 million and fifth was "Twilight" novelist Stephenie Meyer with US$21 million in sales.
Even though hardcover books are in decline, Patterson increased his sales from last year's US$70 million by releasing 10 books in the past year and branching into the young adult and teen market in the past few years -- as well as e-books.
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